IADA members noted that the anticipated slowdown due to geopolitical tensions and the ongoing election cycle had less impact than expected. [Courtesy: Pilatus Aircraft]
Key Takeaways:
The International Aircraft Dealers Association's (IADA) Q3 2024 report indicates strong growth, with new acquisition agreements up 22% year-over-year and closed deals marking the highest Q3 volume since 2020.
The market is experiencing a "resetting of value expectations," reflected in a significant increase in reduced-price listings and slightly lower pricing for buyers compared to two years ago, though increased inventory is being absorbed by demand, especially in midsize and light jets.
Despite initial geopolitical and election-related hesitations, market uncertainty is diminishing, leading to an optimistic outlook for an active Q4 2024, with the market, including insurance, shifting to be more buyer-driven.
The International Aircraft Dealers Association (IADA) released its third-quarter market report for 2024 on Monday analyzing the current aviation marketplace.
The full report, available here, stated that IADA dealers and brokers collectively account for over half of all transactions worldwide.
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Caleb Revill is a journalist, writer and lifelong learner working as a Junior Writer for Firecrown. When he isn't tackling breaking news, Caleb is on the lookout for fascinating feature stories.
